Our 400,000 Trade Test Proves Using Stops Is Not Very Bright

destriero said:
Where is that? Dumbf*ckistan?
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use whois or geoiplookup :

Admin Organization: TradingMarkets.com, Inc.
Admin City: Jersey City
Admin State/Province: NJ
Admin Country: US

Yes, in Dumbf*ckistan! :banghead: :D

Oh, you mean "here"?
Here is Germany.
 
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botpro said:
use whois or geoiplookup :

Admin Organization: TradingMarkets.com, Inc.
Admin City: Jersey City
Admin State/Province: NJ
Admin Country: US

Yes, in Dumbf*ckistan!

:banghead: :D
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Dear Dumbf*ckistani,

You stated, "works here" and I responded, "where is that?"

"Where" refers to your location, nothing else.
 
destriero said:
You stated, "works here" and I responded, "where is that?"

"Where" refers to your location, nothing else.
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All the answers you can find in my previous posting.

And where are you located?
 
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botpro said:
Well, I can't tell you that because I haven't studied this myself fully yet.
But I made the following observation when developing my swingtrading portfolio long-only options system (ie. it trades many titles at the same time, keeping single positions upto 10 days):
If the SL per position is set to less than 10% or more than 15% (depending on HV) then the performance starts to degrade significantly.
So, that region seems to be an ideal area for SL for this environment. But as said I haven't studied it fully yet for my own case,
just made that important observation and took simply the midpoint at about 12.5% SL (depending on HV).
But of course it is obvious to see that my environment is a little bit different than what you and the other studies have tested.
And: SL in this sytem does not necessarily mean a real stop. At such an SL level some other substrategies get applied like scaling-in etc.

(HV=historical vola of the underlying)
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Update:
So, the above described scenario means that effectively no StopLoss gets used.
Though it is called "SL" in the pgm and by me, but it is just a mark level for applying substrategies...
But a TargetStop gets very well used.
 
marketsurfer said:
Instead of attacking me, man. Why not wonder why test after test indicate stops degrade system performance?

Why is this??
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I could give a rats arse what your cherry picked test results are. You do this all the time. You cherry pick things to support your lame opinions. You used to do this with Trend Following funds. Those guys would go on a great run and you would not mention a word. Then during a short draw down you would start threads and rant and rave how TF funds were over. You are doing the same thing once again.

I'll take my years of experience working on trading desks with some very big traders and trading for fund managers/CTA's over some ridiculous study you posted on what works and does not work. Go read Market Wizards 1 and 2 and see what those guys say about risk management/knowing your out, trading with stops.

Again, I find it ridiculous that a guy who has showed horrible trading results (paper trades no less) is gong to be the one saying what works and doesn't work.

As far as attacking you, I just call em like I see em. I don't just "attack" you, there are others. That failed trader Q3D who whines on here trading is impossible has caught hell from me as well. You see a pattern here?
 
I think if you manage OPM you should not be allowed to go short anything (not even hedging) and margin based trading should not be allowed either.
 
I Know You said:
I think if you manage OPM you should not be allowed to go short anything (not even hedging) and margin based trading should not be allowed either.
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That is just not realistic or prudent since markets can be traded successfully with short strategies mixed in and margin used.
 
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